Federal Income Taxation of Insurance Companies [Hardcover]

Emanuel Burstein (Author)

Book Description

Publication Date: December 1, 1996 | ISBN-10: 0965435601 | ISBN-13: 978-0965435604

Federal Income Taxation of Insurance Companies addresses the tax treatment of life and non-life insurance companies as well as related economic, actuarial, regulatory, and tax policy issues. This book makes extensive references to the legislative history of insurance company tax provisions and other source materials. Insurance company tax developments after the book was published, at the end of 1996, are provided in the updates feature of the publisher's website, insurancetax.com.

Editorial Reviews

About the Author

Emanuel Burstein holds a B.A. from Brandeis University, a J.D. and Ph.D. in Economics from Boston College and an LL.M. in Taxation from the New York University School of Law. He addressed insurance tax issues at the Office of Chief Counsel at the Internal Revenue Service and was editor of the Insurance Tax Review. Mr. Burstein works for the corporate tax division of a major life insurance company.

Product Details

• Hardcover: 365 pages
• Publisher: Insurance Taxation & Regulation (December 1, 1996)
• Language: English
• ISBN-10: 0965435601
• ISBN-13: 978-0965435604
• Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #4,532,130 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

5.0 out of 5 stars Scintillating Scholarship to Bridge the Generations, September 1, 2010

By 

C.D. McKoy - See all my reviews

This review is from: Federal Income Taxation of Insurance Companies (2nd Edition) (Perfect Paperback)

With all due respect, I vehemently disagree with Mr. Rothberg's admonition that Emanuel Burstein's "Federal Income Taxation of Insurance Companies, 2nd Edition" is "too intense" for young children. Agreed, while children can marvel at the diverse range of insurance products and wonder at the complexity of the amortization of initial period acquisition costs, Mr. Burstein's unsentimental depiction of liabilities arising from mortality, morbidity and accident claims would reduce any boy or girl to tears, even without the graphic illustrations. Nevertheless, shielding children from a work of this magnitude because "they won't get the impact of the McCarran-Ferguson Act" or "they don't care about reciprocal flood insurance exchange arrangements" is tantamount to snatching a telescope from a curious lad. Parents, I urge you, in response to your child's innocent yet inevitable question, "Daddy, why are there separate tax rules for insurance companies?" - run, don't walk, to your cherished Burstein, and press it joyfully into youth's outstretched hand.

4 of 11 people found the following review helpful:

5.0 out of 5 stars This book changed my life, October 2, 2004

By 

Paul G. Rothberg (Rochester NY USA) - See all my reviews
(REAL NAME)   

This review is from: Federal Income Taxation of Insurance Companies (Hardcover)

I hereby nominate this book for a Pulitzer Prize for best book of all time. The title only promises a learned discussion of taxing insurance companies, but it delivers so much more. Reading this book turned my life around. I now look at things differently. I see the world in a whole new way. Mr. Burstein has a point of view concerning his topic that extends beyond the narrow confines of taxation to take in all of life. Thank-you Emanuel Burstein for this magnificent work. I can't wait for the next edition.

Now for the particulars. The characters in this book, such as the IRS or the insurance companies, on a surface level are only large organizations. However, a careful reading will reveal that they represent much larger issues. The interaction of these large organizations is very complex. Out of this complexity Mr. Burstein finds ultimate truths that cannot be found anywhere else. To write more here would give away apparent "trade secrets" that can only be fully appreciated by a careful study of the entire volume. Therefore, to give justice to this great tome, I will only encourage potential readers to fulfill their potential in every possible way by interaction with Burstein's "Federal Income Taxation of Insurance Companies."

I have only one caveat. This book is too intense for young children. It will only benefit those who are old enough to understand its subtle meaning.